Y Intercept Hong Kong Ltd Sells 20,295 Shares of AMERISAFE, Inc. $AMSF

Y Intercept Hong Kong Ltd lessened its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 40.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,276 shares of the insurance provider’s stock after selling 20,295 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.15% of AMERISAFE worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in AMSF. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of AMERISAFE by 7.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,888 shares of the insurance provider’s stock worth $214,000 after buying an additional 332 shares during the last quarter. New York State Common Retirement Fund raised its position in AMERISAFE by 0.4% in the second quarter. New York State Common Retirement Fund now owns 87,449 shares of the insurance provider’s stock worth $3,824,000 after acquiring an additional 334 shares during the period. GAMMA Investing LLC boosted its stake in AMERISAFE by 38.6% in the third quarter. GAMMA Investing LLC now owns 1,633 shares of the insurance provider’s stock valued at $72,000 after acquiring an additional 455 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of AMERISAFE by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,313 shares of the insurance provider’s stock valued at $594,000 after acquiring an additional 471 shares during the period. Finally, Signaturefd LLC grew its position in shares of AMERISAFE by 170.5% during the 2nd quarter. Signaturefd LLC now owns 779 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 491 shares during the period. 97.41% of the stock is currently owned by institutional investors.

AMERISAFE Stock Performance

Shares of NASDAQ AMSF opened at $37.61 on Friday. The stock has a fifty day moving average of $38.47 and a 200-day moving average of $41.72. The stock has a market cap of $711.58 million, a PE ratio of 14.41 and a beta of 0.36. AMERISAFE, Inc. has a fifty-two week low of $36.23 and a fifty-two week high of $53.27.

AMERISAFE (NASDAQ:AMSF) last issued its earnings results on Wednesday, October 29th. The insurance provider reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. AMERISAFE had a return on equity of 16.94% and a net margin of 16.12%.The business had revenue of $71.29 million during the quarter, compared to the consensus estimate of $78.29 million. On average, sell-side analysts predict that AMERISAFE, Inc. will post 2.45 EPS for the current year.

Insider Activity at AMERISAFE

In other news, CFO Anastasios Omiridis sold 1,247 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $40.21, for a total value of $50,141.87. Following the completion of the transaction, the chief financial officer directly owned 2,539 shares in the company, valued at approximately $102,093.19. This trade represents a 32.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.61% of the company’s stock.

Analyst Upgrades and Downgrades

AMSF has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of AMERISAFE in a research note on Monday, December 29th. Citizens Jmp dropped their price target on AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating on the stock in a research report on Friday, January 16th. Morgan Stanley set a $55.00 price target on AMERISAFE in a research note on Friday, January 16th. Wall Street Zen upgraded AMERISAFE from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Citigroup reiterated a “market outperform” rating on shares of AMERISAFE in a research report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, AMERISAFE has an average rating of “Moderate Buy” and an average target price of $55.00.

AMERISAFE Profile

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.